F40 sale prices

I have spies everywhere

Seriously I get sent all kinds of material.

I once sold a 162-mile F40 only because a teenage carparazzi thought to send me a pic of an F40 sitting in storage with unusually low miles! Naturally, I followed up.

 

Hey joe ur funny. On 2 of the cars I know the sellers. I don't ask to see my friends bank accounts. who would ever think a brokers opinion is meaningful? you don't show the cashed checks or wire transfers do you? so if a car sells for x we don't really know if it was X plus or minus. I think 1.3M for a low mile euro car is a fair price. the market isn't one car, it's the market.

 

btw both owners follow this thread and if they want to chime in they can/will.

 

Again, I realize that owners like to talk prices up, and that's a fact, as I have noticed you do often.

I have been told by F40 owners that they have had "heard" I sold chassis number xxxxx for an amount that was $300,000 more than what I really sold it for. The fact remains that there is a lot of exaggeration going on. If you're proclaiming that an F40 sold for $1.52m, its fair enough to ask: which one?

 

the guy follows the thread - if he wants to reply he will

 

Understood.

I think I made my point.

 

Bonhams:

FERRARI F40 BERLINETTA 1990
Sold for €724,500

This is for the car that had the first owner and passenger died, 2nd owner died, 3rd owner the car caught on fire and more bad news.

Not bad money for the worst history. I'd say this is amongst the worst F40 out there.

 

All true.

 

Average price for F40 in Europe is around 1 million euros

 

Would it be fair to state that, for US market, The current price range for an US Spec F40 is as follows (2015):

Average - USD$1.2M - 1.3M
High - USD$1.5M
Low - USD$900K-$1M

 

Sounds like you're in the zone with those figures

 

I'd agree with that.

 

Jesus. 1st and 2nd owners died while driving/crash?

 

Yes, $900k to $1.5m covers the range.

 

If you go to trovit.it there are at least half a dozen offered in the e800k-e900k range, so I think 1 million euros is all the money right now, as we saw with the 1,200km sale.

 

The auction write up telling not much of the story (as usual)

An earlier post on the car:
http://www.ferrarichat.com/forum/142562711-post23.html


Bonhams : Ferrari F40 Berlinetta 1990

Edit: In fact given this cars history, I personally think Bonhams auction write up is disgraceful and unethical.

 

last person who said that to me was a real estate agent who told me about a house that sold up the street for 4.5M but forgot to tell me about the 1.5M that was given to the seller in cash. we know that doesn't happen with high priced cars though. no fudging or tax optimizing in the ferrari market. I shld have known!

 

Mark, I agree, that's about where Eu/ROW cars are ATM.

 

I would revise the high to 1.75. I know of a couple of cars which sold for slightly above that number, so I think 1.75 is fair. But as has been pointed out, the world is cooling a bit. However, what happens when the easy money in the euro zone starts to flow?

Do you guys think there will always be a premium for the USA cars?

I see people arguing both ways. I'm not sure which way to think.

 

Yes,that true. There are some F40 in the e800k-e900k in trovit.it

We have some F40, 1 owner and less than 15k miles for around €1M but it's quite easy to find F40 well above €1M, specially in the UK and even in Italy.

 

Buyer beware. Reggie didn't even know the history of his F40 and was glad to get rid of it, even at a loss. Unbelievable.

 

Which ones have sold for 1.75m?

I keep a register of all 211 USA F40s (there are less than 200 remaining), and even though I certainly don't sell them all, it appears I sell more than any other single entity, and my knowledge of sales in the market is certainly first-hand. I have sold 2 in the last 45 days or so, and here are my most recent F40 sales (I stopped counting at 20) Cars | Joe Sackey Classics

I have never heard of any F40 selling for 1.75.

I think its only fair that if a claim is being made here, it should be backed up with specific data such as a chassis number, else it becomes yet another unsubstantiated lofty claim.

There are so many exaggerated claims of private sales being made by the marketplace - usually because its hard for anyone to refute a private sale claim as opposed to an auction sale, and with all due respect, they mostly come from owners talking the market up. Almost all of the exaggerated claims are never substantiated. I think that owners ruin their own market with these claims because potential genuine buyers are put off by them (I see this first-hand time & time again) because they perceive an over-heated market, and as a result, the market starts to regress again. That's happening right now.

 

OK. Since that mentioned range for USA F40s is reasonably accurate and reflective of current market, I wonder what the current, estimated USA F50 market range should be? $1.4M to 1.9M? And, USA Enzos in the range of $1.9M to $2.7M+??

 

I concur.

 

Matching numbers '73 RS Lightweight and world rally winning and three time Le Mans entrant '69 SR were no sale at the same auction.

1973 Porsche 911 Carrera RS 2.7 Sports Lightweight | Paris 2015 | RM AUCTIONS

1969 Porsche 911 S Ex-Works | Paris 2015 | RM AUCTIONS

Would love to have the SR!